Silvergate Capital Corporation’s New Board of Directors Publishes Letter to Shareholders

Silvergate Capital Corporation emerged from Chapter 11 bankruptcy on March 31, 2026, cancelling $200 million of preferred stock and assuming no liabilities. The company retained significant assets including a $1.6 billion federal NOL, $1.2 billion California NOL, the Silvergate Exchange Network (SEN), and Diem IP, alongside $1.6 million in cash. In August 2026, the firm raised $3.0 million at $0.60 per share and uplisted to the Pink Limited Market, with a new board appointed by major investors Stilwell and X-Cap.

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.